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2022
Flag → Flag
Exports $539MRnk 19 / 171
2022
Flag → Flag
Top Product $314MRolled Tobacco
2022
Flag → Flag
Exports $276MRnk 10 / 127
2022
Flag → Flag
Top Product $112MSheep and Goats
2022
Flag
Economic Complexity (ECI) ECI -0.19Rnk 75 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 97 / 186
2022
Flag
 GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 186
2022
Flag
GDP PC $25,057CURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP PC GROWTH1.35%CURRENT US$
Rnk 136 / 186
2022
Flag
GDP PC$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

About

Oman-Iran Trade: In 2022, Oman exported $539M to Iran. The main products that Oman exported to Iran were Rolled Tobacco ($314M), Video Displays ($42.7M), and Large Construction Vehicles ($15M). Over the past 5 years the exports of Oman to Iran have decreased at an annualized rate of 2.29%, from $606M in 2017 to $539M in 2022.

In 2022, Oman did not export any services to Iran.

Iran-Oman Trade: In 2022, Iran exported $276M to Oman. The main products that Iran exported to Oman were Sheep and Goats ($112M), Semi-Finished Iron ($52.9M), and Petroleum Coke ($11.5M). Over the past 5 years the exports of Iran to Oman have decreased at an annualized rate of 17.6%,  from $724M in 2017 to $276M in 2022.

In 2022, Iran did not export any services to Oman.

Comparison: In 2022,  Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B). That same year, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Oman exported $539M to Iran. The main products exported from Oman to Iran were Rolled Tobacco ($314M), Video Displays ($42.7M), and Large Construction Vehicles ($15M). During the last 5 years the exports of Oman to Iran have decreased at an annualized rate of 2.29%, from $606M in 2017 to $539M in 2022.

In 2017, Iran exported $276M to Oman. The main products exported from Iran to Oman were Sheep and Goats ($112M), Semi-Finished Iron ($52.9M), and Petroleum Coke ($11.5M). During the last 5 years the exports of Iran to Oman have decreased at an annualized rate of 17.6%, from $724M in 2022 to $276M in 2017.

Exports from Oman (Flag) to Iran (Flag) (2022)

Exports from Iran (Flag) to Oman (Flag) (2022)

Latest Data

Trade between Oman (Flag) and Iran (Flag)

Oman Exports

Market Competitiveness

Color
Oman
Top DestinationChina$30.4B
Iran
Top DestinationChina$5.72B

This map shows whether countries import more from Oman or Iran. Each country is colored based on the difference in imports they receive from Oman and Iran or the difference in the growth in imports.

In 2022, countries that imported more from Oman than Iran included China ($30.4B), India ($8.15B), and South Korea ($4.64B).

In 2022, countries that imported more from Iran than Oman included Turkey ($3.17B), Kuwait ($960M), and Armenia ($557M).

Difference in imports from Iran (Flag) and Oman (Flag) (2022)

Comparative Advantage Oman - Iran

Flow
Scale

This chart compares trade between Oman and Iran by product, considering products traded by both, Oman and Iran.

During 2022, Oman had a large net trade with Iran in the exports of Foodstuffs ($333M), Machines ($107M), and Transportation ($23.3M).

During 2017, Iran had a large net trade with Oman in the exports of Animal Products ($122M), Metals ($58.9M), and Vegetable Products ($38.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Oman Iran+$3.4MTelephones
Top Product Potential Iran Oman+$1.75MCement

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Oman and Iran. This means that a dot/product with the flag of Oman indicates it has a comparative advantage over Iran. Similarly, a dot/product with the flag of Iran indicates it has a comparative advantage over Oman.

Product Space of Oman (Flag) and Iran (Flag) (2022)

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